Legal Formalities in Indochina

Formalities. Time consuming, seemingly needless, but so very important. When I was in Laos, I worked for an investment fund that offered some private parties loans. I was in charge of securing those loans. I did my due diligence, researched the secured transaction law--which was fairly simple--and drafted sufficient contracts to protect the fund. But [...]

By |2019-10-15T08:54:45+07:00October 15th, 2019|Contract Law, Corporate and commercial, Dispute Resolution, Inward Investment|Comments Off on Legal Formalities in Indochina

Don’t Trust a BCC

A while ago I was working with another lawyer on an M&A deal. The target company was a Vietnamese entity that operated in a restricted sector. This meant that foreign ownership was limited. Our client was a foreign entity that had a Business Cooperation Contract with the Vietnamese entity that stated that the foreign entity [...]

By |2019-10-07T10:22:53+07:00October 7th, 2019|Contract Law, Corporate and commercial, Inward Investment, M&A|Comments Off on Don’t Trust a BCC

In Laos

I try not to let my personal life interfere with this blog too much, though I do on occasion tell personal stories. I'm currently sitting in Laos Plaza Hotel in Vientiane, Laos, and wondering at the difference between Vietnam and Laos. While there is indeed some new construction here in Vientiane, it is nothing like [...]

By |2019-08-26T15:45:08+07:00August 26th, 2019|General, International Trade, Inward Investment|Comments Off on In Laos

Vinfast Roars to Life

Last week Vinfast, a subsidiary of Vinagroup, began manufacturing the Vinfast line of automobiles. The line begins with a standard hatchback and a sedan, two vehicles that are priced around 17,000USD. This is cool. For a couple of reasons is this cool. First, car purchases in Vietnam are up 22% year on year since 2018. [...]

Ministry Proposes CIT Cut for SMEs

According to Vietnam News, here, the Ministry of Finance has proposed a change in the current corporate income tax structure for small and medium sized businesses with an even greater exception for what it considers micro businesses. The cut would be from the regular 20% which is paid by all enterprises to 15-17% depending on [...]

By |2019-04-22T08:48:02+07:00April 22nd, 2019|Business News, Corporate and commercial, Inward Investment, Legal News|Comments Off on Ministry Proposes CIT Cut for SMEs

Commercial Arbitration Centers in Vietnam

It seems that recently, the Government has updated the rules for the creation of Commercial Arbitration Centers in Vietnam. While this seems like an effort to encourage dispute resolution within the country, it also creates a schism of capabilities. Where China has one or two main centers and several ad hoc arbitrators, they do not [...]

Kofi Annan is Dead

This week we lost two great people: Aretha Franklin and Kofi Annan. One was a singer, one of the greatest singers recorded since recordings became available, the other was president of the United Natioms. I could talk a blue streak about Aretha. How her music brought soul to life, how she was direct and emotive [...]

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